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's how congress rolls. and now with just 36 days remaining to avoid the so-called fiscal cliff, senators are coming back to work. the house returns tomorrow. the white house is working both sides of the beltway to maintain bush-era tax rates for the poor and middle class, while letting those lower rates expire for higher earners. this morning, the white house put out numbers claiming if we fall off the cliff, consumers will be spending less money next year. how much less, exactly? $200 billion in fiscal 2013 alone. that would be a huge, huge hit on retailers. now, tax hikes are the biggest part, but not the only part of the fiscal cliff. seeing it as a fiscal cliff, the new year will also bring more than $100 billion in spending cuts, if -- if congress and the president can't agree on some other course. all of this brings me to my friend, cnn's christine romans with details on the toll on consumer spending. we threw out the number, $200 billion. what does that mean? >> it comes straight from the white house, trying to ride the coat tails of black friday weekend when throwing around how m
their minds about how to back away from the fiscal cliff. i know. i'm will, and this is the nokia lumia 920 from at&t. it's got live tiles so all my stuff's always right there in real-time. it's like the ultimate personal assistant. but i'm me, and me needs handlers. so i hired todd to handle it for me. todd, gimme that hollywood news! what's happening on twitter? you're trending! yes! i like you todd. i don't like todd because he's quitting. but now i'm hiring a new todd and it could be you. [ male announcer ] go to workforwill.com and try live tiles, that deliver what you want in real time. only from at&t. rethink possible. that deliver what you want in real time. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. at meineke i have options... like oil changes starting at $19.95. my money. my
-called fiscal cliff. let's listen in. >> it would be good for our children's future and i believe that both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. but the place where we already have, in theory at least, complete agreement, right now, is on middle class taxes. and as i've said before, we've got two choices. if congress does nothing, every family in america ll see their tacks automatically go up at the beginning of next year. starting january 1st, every family in america will see their taxes go up. a typical middle class family of four would see its income taxes go up by $2200. $2200 out of people's pockets. that means less money for buying grocery, less money for filling prescriptions, less money for buying diapers. it means a tougher choice between paying the rent and paying tuition and middle class families just can't afford that right now. by the way, businesses can't afford it either. yesterday i sat down with some small business owners who stressed this point. economists predict that if taxes go up on
and the white house have just 37 days left to reach a budget deal or risk falling off the fiscal cliff and triggering massive spending cuts and tax hikes. cnn's athena jones reports on a possible turning point in the negotiations. >> reporter: members of congress expressed optimism sunday about the prospects for reaching a deal to avoid the fiscal cliff. a series of tax increases and spending cuts next year that could do serious damage to the economy. they also sounded warnings. >> we can and must get an agreement, otherwise, i think first of all the markets are going to start reacting. >> it's not a done deal and it's not a certainty. if congress does nothing, which congress has gotten pretty good at doing these days, we'll go over the fiscal cliff. >> reporter: staffers have been working behind the scenes to find common ground to prevent across the board cuts lawmakers say should concern everyone. >> you should be worried, we all ought to be worried whether we are dependent upon other aspects of the federal budget, whether we're worried about the the regulation of food safety, about
-called fiscal cliff. >>> one of the most recognizable voices in hollywood lends his voice to a pro-same-sex marriage ad. >> freedom, justice and human dignity have always guided our journey toward a more perfect union. now across our country, we are standing together for the right of gay and lesbian americans. >> morgan freeman pointing out why he's behind what voters in three states did on election day. >>> and your $2 could be worth 425 million bucks. power ball reaching a new record. let's dream the dream together, shall we? shall we? "newsroom" starts now. -- captions by vitac -- www.vitac.com >>> good morning to you. thank you so much for being with me on this monday morning. i'm carol costello. we begin with the so-called fiscal cliff. 36 days from the crisis. new signs of just how concerned lawmakers really are. more republican lawmakers now say they will work toward a compromise, even if they have to break a promise not to raise taxes. that promise, that pledge, the brain child of anti-tax activist grover norquist, a long-time power broker in the gop. but the vote faced its
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no announcement as to when the president will afford a name. >>> the fiscal cliff, now just 34 days away. meeting with chief executives of some of the biggest companies to gainlg gauge how the looming tax hikes and spending cuts could impact businesses. marisa mayer, ceo of yahoo! is one of those. she made her first public comments since taking the helm and giving birth. she invoked some legendary wisdom. >> in my life there were three things, god, family and the green bay packers, in that order. right? and i think that for me it's god, family and yahoo! in that order. >> mayer was honored at fortune magazine's dinner for the most powerful women. >>> 34-year-old michael dunn facing a murder charge, killing jordan davis in the process. it reportedly sparked over a fight about loud music. it's reminding some of the trayvon martin case. dunn's attorney says that's not so. >> kill that [ bleep ] that [ bleep ] dead. you dead [ bleep ]. and sees that much of a shotgun coming up over the rim of the suv, which is up higher than his jetta, and all he sees are heavily tinted front windows that are up and
as we get word of a major development here and talks over the so-called fiscal cliff. we'll have that in a moment. plus, ta-da, get your tickets out. tonight, the powerball jackpot hitting a record and this hour president obama getting ready to hold his first cabinet meeting since being re-elected. and keep in mind, some members of that cabinet, they will not be there for long. but first, the fiscal cliff battle here that landed in your lap today. president obama, even wants you to tweet about it. the president went full court press asking americans to pressure congress to keep middle class tax cuts for families earning $250,000 or less. >> it is too important for washington to screw this up. now is the time for us to work on what we all agree to, which is let's keep middle class taxes low. tweet, use the hashag my2k or e-mail, post it on a member of congress' facebook wall, do what it takes to communicate a sense of urgency. i'll sign this bill as soon as congress sends it my way. i got to repeat, i've got a pen. i'm ready to sign it. so -- >> the president wants republicans to
weekend. >>> 38 days now before the fiscal cliff. lawmakers return to work monday trying to cut a deal. if congress and president obama fail to reach an agreement massive tax cuts and spending cuts automatically kick in january 1. anti-tax crusader slamming chambliss. he broke with norquist no tax break pledge. he cares more about his country than the pledge. >>> there were signs truce between israel and hamas is taking hold this weekend. palestinian sources say israel has eased restriction on gaza fishermen allowing them to go up to six miles from shore. the fishermen were restricted to three miles into the mediterranean. palestinian farmers resumed tending land. hamas official say egyptian and israeli officials are expected to meet monday to discuss details of that cease-fire. >>> to egypt now where what's happening makes well, the arab spring look like it never ended. we remember the crowds of demonstrators, protesters, a regime bent on consolidating and preserving its power. that was then. this is the scene right now. demonstrators are back spending the night in tahrir square. pres
% under 18. >>> how about this? we're 38 days away from the dreaded fiscal cliff. congress is ready to get back to work but can they really strike a deal before the clock runs out? we're live at the white house. >>> and black friday. it is not the only holiday cashing in. cyber monday, we had details on how to find the early on-line deals. stay right here. >>> an emergency at the u.s. state department today, the fire trucks raced to the area at 11 a.m., the flash fire forced people to evacuate, and sent three people to the hospital, one in serious condition. the good news is, not many people were in the building over the holiday weekend. >>> and the deal to avoid the fiscal cliff, still out of reach. despite the congressional staffers working through the thanksgiving weekend. let's get athena jones in washington. athena, are they optimistic they can find common ground? >> reporter: well, they say they are, you know, with congress returning, and so far not much public evidence that there has been any real progress in the deal to avoid the fiscal cliff. folks here in washington hope there ca
and myself who are worried about the so-called fiscal cliff. lawmakers are returning to work in washington and they have just 37 days i believe it is now. there you can see. it's a daunting task if president obama and congress fail to reach a tax deal because that will mean huge tax increases and spending cuts would automatically kick in january 1st. today several key republicans backed away from a pledge banning tax hikes including senator lindsey graham and congressman peter king. are we inching closer to some potential compromise. athena joan has been following the fiscal cliff negotiations. >> martin, with congress returning this weekend, not much public evidence of any real progress on a deal the avoid the fiscal cliff. folks here in washington are wondering if this week will prove a turning point for republicans and democrats. members of congress expressed optimism sunday about the prospects for reaching a deal to avoid the fiscal cliff. a series of tax increases and spending cuts next year that could do serious damage to the economy. they also sounded warnings. >> we can and must ge
the palestinians. >> thanks, jim. appreciate it. if you this fiscal cliff just a big deal in washington, we'll show you why the whole world now depending on american politicians to find a solution en soon. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. part of a whole new line of tablets from dell. it's changing the conversation. ♪ make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. eve
today. even though it is connected, there's another big issue. that fiscal cliff. and the president is certainly in fact-finding mode it seems. we've got 35 days to go before the new year. and that new year will bring with it more than $500 billion in tax cuts and spending cuts. mr. obama is in meetings with small business owners from across the country today. he is not, however, meeting with leaders of congress today. our dan lothian is watching the comings and goings at the white house. and at some point, dan, congress is going to have to either come together on this and work with the president on this, and yet we're seeing all these various different meetings all around the communities and the country. it looks like there's a particular strategy that's playing out when it comes to the president right now. >> reporter: that's right. a lot of negotiations have taken place in the staff -- on the staff level. the president himself did speak with speaker john boehner on the phone over the weekend. there was that meeting with the lawmakers, the leadership just before the president went
it with me, 35 days to avoid the dreaded fiscal cliff, the huge package of tax hikes and spending cuts set to take effect january 1 if congress and the president do not cut a deal. we're told they have been talking behind the scenes and president obama has already hosted congressional leaders for a post election sit-down. but the president is also launching a new pr effort, a campaign, some are calling it here, starting with the white house meeting today, of small business owners. then tomorrow, the president hosts more business owners and a group of middle class americans who would be hurt if the tax hikes take effect the first of the year. then friday, a campaign style stop in pennsylvania, a toy factory of all places, highlighting the importance of middle class consumers in this holiday season. but back in washington, senate leaders, they are speaking out. you have democrat harry reid saying the president won the election. and it is time for republicans to fall in line. meantime, republican mitch mcconnell not impressed with the president's plans to go back on the road. take a listen. >
not going to happen. when you wake up tomorrow, you will be facing like everybody else the fiscal cliff. you can have your dessert in a second but first here is your main course. ready? remember this guy? i know you do. it's only been three weeks since he came in second in a bitterly fought hugely expensive national election. dan lothian is at the white house right now where that man is about to meet the man who did win the election, the president, and this is of course, dan, not exactly how mitt romney was hoping to walk through the doors of the white house, is it? >> reporter: no, not at all. i mean, i think he would have loved to have had it be the other way around where he is the president inviting former president obama to come here. no, the two will be sitting down here at the white house tomorrow having a private lunch in the private dining room. there will be no press coverage but we hope that perhaps there will abphoto. remember back on election night the president talked about looking forward to sitting down with governor romney to talk about ways to move the country forward. this
board room a lot of hammering over the fiscal cliff. some 35 days away now. business leaders are calling for action. listen to this plea from the group the business round table. >> america's ceos have a message for washington. >> top priority for us is to advance policies that will get the u.s. economy growing again. >> the country has to have a higher rate of growth. that begins with addressing the fiscal cliff issue. >> so, bipartisan bottom line, right? not quite. you see those business leaders have a vested interest in which spending should be cut and which loopholes closed. and let's just say what's old is new again. alison kosik is at the new york stock exchange with a closer look. put this in language we can understand as people who are not ceos. >> many of these high-level ceos, carol, are part of this movement, this campaign to fix the debt we've been hearing so much about. this includes some of the biggest heads of business that are out there. and some have been more outspoken than others when it comes to what needs to get done to get a handle on the deficit. it also has a lot
on tuesday. the so-called fiscal cliff is the biggest item that is sitting on the congressional agenda. if president obama and congress don't reach some sort of deal, huge tax increases and spending cuts would automatically kick in january 1. todayself republica selveral red away from a pledge banning tax increases. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece, and republicans should put revenue on the table. i want to cut rates to create jobs, but i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> i agree with saxby chambliss. a pledge you signed 20 years ago, 18 years ago is for that congress. if i were in congress in 1941 i would have signed -- supported a declaration of war against japan. i'm not going to attack japan today. the world has changed. >> does it mean we might be closer to a fiscal cliff compromise? athena jones takes a closer look. >> reporter: that's, of course, the big question here. we know in the meeting the president had with
fiscal cliff. u.s. congress and the white house have just 37 days left to reach a budget deal and stop more than $500 billion in automatic spending cuts and tax hikes from taking effect. a potentially big sticking point in those talks, that no new tax pledge of that more than 250 republican lawmakers have signed. athena jones us from the white house. two more republicans who signed the pledge said they would be open to tax hikes if they get other concessions. >> reporter: that's right, fredricka, and this is a bit interesting to see. they're talking about this pledge from the grover norquist group. he's the anti-tax crusader. his group has gotten the majority of republicans in congress to sign this pledge to oppose any effort to raise taxes in any way. so first we heard from a senator out of georgia, a republican, who said for his country he would break this pledge because if you stick to that pledge you won't be able to reach an agreement to bring down the debt. today we heard from south carolina republican senator lindsey graham and also from new york congressman peter king respondin
-tax pledge but he says he's ready to talk tax hikes to avoid a fiscal cliff. he said earlier this week, quote, i care more about my country than i do a 20-year-old pledge. if we do it his way, we'll continue in debt and i just have a disagreement with him about that. he's talking about grover. >>> in suburban washington you're taking a look at community leaders, union leaders and perhaps some walmart workers. they're heading toward a walmart store. we believe they made it to a parking lot. as you know, they're protesting salary and health benefits for the workers at walmart. renee marsh is among the protesters, joining us now live. fill us in, renee. >> reporter: good morning, carol. i can tell you that they have finally made their way to the outside of this walmart here. just take a look. you can see how many people are out here. i would estimate it is in the hundreds. and they're all chanting. some of them wearing signs, some of them holding signs that say that the wages just aren't where they should be. now within this mix of people, we know that there are union members. we know that there
and counting. will america go over the $7 trillion fiscal cliff? >>> online retailers are getting a head start this season, competing for your money as well. we'll look at how facebook is joining in on the holiday fun. >>> and the drug culture of the '60s and '70s is still impacting baby boomers. some are calling it the generation's hidden crisis. we'll explain. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. washington next week with just over a month to work out a deal to avoid falling over the so-called $7 trillion fiscal cliff. it would have a combination of t defense cuts, expiration of the pay roll tax holiday, and cuts in unemployment benefits. all those things are considered. joining us now is alex. it's good to see you. >> good to see you, fredricka. >> before we get to that fiscal cliff, let's talk about one of th
is in case washington doesn't reach a deal in the so-called fiscal cliff? >> exactly. let me start with explaining exactly what a dividend is. if you own shares the dividend is this chunk of cash paid back to you. typically, you get it every quarter. walmart, it was going to pay its next dividend january 2nd. because we don't know what's going to happen with the fiscal cliff, the expectation is that taxes are going to shoot out, walmart will pay out this dividend early so shareholders can record that payout this year when dividends top out at 15% compared to next year when the rate is expected to jump to 40% if there is no deal reached on the fiscal shift. they say it's in the best interest of its shareholders. true, it's also in the best interest of the founders, the walton company. >> walmart isn't the only company moving uch the dap the right? >> right. more than 100 companies will be issuing these special dividends in the fourth quarter. more than triple have done this in recent years. one called hot topic, the other the buckle. they're moving up their dividend payouts to this
the table to avoid that fiscal cliff, including obamacare. automatic cuts will start january 2nd if an agreement isn't reached. he said in an op-ed, we can't afford it. and we can't afford it to leave it intact. that's why i've been clear that the law has to stay on the table as both parties discuss ways to solve our nation's massive debt challenge. >>> a special election following jesse jackson jr.'s resignation from congress. jackson says he needs to spend time, quote, restoring my health. jackson mysteriously disappeared from capitol hill in may and his office later revealed he was dealing with depression and had been diagnosed with bipolar disorder. health concerns aren't the only thing jackson is facing, though. ted rowlands is in chicago. good morning, ted. >> reporter: good morning, carol. yeah. well, the health concerns are significant. he had two stints at the mayo clinic. talking to family members, that was the main reason why he just couldn't move forward. and he gave his letter of resignation to john boehner yesterday. in that letter, though, for the first time -- thi
't be easily won over during tax talks. the mering fiscal cliff next. >>> and it was a normal thanksgiving morning until this multi-car wreck. how some 100 cars collided in texas. >> it was just a kmpl seconds, chain reaction. crazy. flashed right before my eyes. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ throughout our lives. one a day men's 50+ is a complete multi-vitamin designed for men's health concerns as we age. it has more of 7 antioxidants to support cell health. one a day men's 50+. >>> a lot of people in texas say they are lucky to be alive today. that's after this massive interstate pile-up on thanksgiving morning. more than 100 cars, pickup trucks were involved. they were bar
Search Results 0 to 23 of about 24 (some duplicates have been removed)